Nelnet, Inc. (NNI) Earnings History
Annual and quarterly earnings data from 2002 to 2025
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NNI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NNI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 87.0% | 50.6% | 18.9% |
| 2024 | 60.2% | 12.4% | 10.0% |
| 2023 | 53.0% | 3.8% | 5.0% |
| 2022 | 74.4% | 27.6% | 22.4% |
| 2021 | 88.4% | 35.4% | 27.7% |
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Nelnet, Inc. (NNI) Earnings Overview
As of May 8, 2026, Nelnet, Inc. (NNI) reported trailing twelve-month net income of $417M, reflecting +130.7% year-over-year growth. The company earned $11.56 per diluted share over the past four quarters, with a net profit margin of 18.9%.
Looking at the long-term picture, NNI's 5-year EPS compound annual growth rate (CAGR) stands at +5.1%, showing solid earnings momentum. The company achieved its highest annual net income of $428M in fiscal 2025, representing a new all-time high.
Nelnet, Inc. maintains industry-leading profitability with a gross margin of 87.0%, operating margin of 50.6%, and net margin of 18.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SLM ($745M net income, 24.0% margin), NAVI (-$60M net income, -2.5% margin), WRLD ($43M net income, 15.9% margin), NNI has room to improve margins relative to the peer group. Compare NNI vs SLM →
NNI Earnings vs Peers
Earnings metrics vs comparable public companies
NNI Historical Earnings Data (2002–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $428M | +132.8% | $1.14B | $11.58 | 18.9% | 50.6% |
| 2024 | $184M | +104.9% | $229M | $5.02 | 10.0% | 12.4% |
| 2023 | $90M | -77.9% | $69M | $2.39 | 5.0% | 3.8% |
| 2022 | $407M | +3.5% | $502M | $10.63 | 22.4% | 27.6% |
| 2021 | $393M | +11.6% | $502M | $10.20 | 27.7% | 35.4% |
| 2020 | $352M | +148.5% | $450M | $9.02 | 25.7% | 32.8% |
| 2019 | $142M | -37.8% | $177M | $3.54 | 8.5% | 10.5% |
| 2018 | $228M | +31.6% | $286M | $5.57 | 13.6% | 17.0% |
| 2017 | $173M | -32.6% | $227M | $4.14 | 14.7% | 19.2% |
| 2016 | $257M | -4.2% | $399M | $6.02 | 21.5% | 33.4% |
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Start ComparisonNNI — Frequently Asked Questions
Quick answers to the most common questions about buying NNI stock.
Is NNI growing earnings?
NNI EPS is $11.56, with earnings growth accelerating to +130.7%. This exceeds the 5-year CAGR of +5.1%. TTM net income reached $417M.
What are NNI's profit margins?
Nelnet, Inc. net margin is +18.9%, with operating margin at +50.6%. Above-average margins indicate pricing power.
How consistent are NNI's earnings?
NNI earnings data spans 2002-2025. The accelerating earnings trend is +130.7% YoY. Historical data enables comparison across business cycles.